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SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The measure of the Company’s segment assets is reported on the Consolidated Balance Sheets as total assets.

The CODM uses net income to evaluate income generated from segment assets in deciding how to reinvest profits into the Company as well as in assessing performance of the segment.

						Year Ended
						December 31, 2024						December 31, 2023						December 31, 2022
Net sales						$	422,670					$	458,300					$	704,274
Less: (1)
Adjusted cost of product (2)						121,038						131,299						171,027
Marketing expenses						70,322						66,399						28,506
Adjusted selling, general, and administrative (3)						96,372						83,283						70,220
Depreciation and amortization						53,497						50,291						49,146
Interest expense						59,585						57,954						43,953
Interest income						(25,379)						(18,828)						(2,775)
Loss on extinguishment of debt						—						—						18,803
Tax receivable agreement liability adjustment						3,915						(7,404)						(3,084)
Income tax provision						7,390						15,133						61,169
Share-based compensation expense						11,123						9,072						7,275
Other segment items (4)						5,285						9,514						15,962
Net income						$	19,522					$	61,587					$	244,072

(1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM.

(2) Amounts exclude amortization of patented formulations and non-ordinary inventory adjustments as further described in footnote 4 to this table.

(3) Amounts exclude depreciation and amortization expense and non-ordinary costs and fees as further described in footnote 4 to this table.

(4) For the year ended December 31, 2024, other segment items included research and development costs and other expense (income), net. For the year ended December 31, 2023, other segment items included research and development costs, other expense (income), net, and non-ordinary costs consisting of a one-time former distributor payment, inventory write off and disposal, executive reorganization costs and organizational realignment costs. For the year ended December 31, 2022, other segment items included research and development costs, other expense (income), net, and non-ordinary costs consisting of inventory write off and disposal, executive reorganization costs, labelling stock write off and disposal and a one-time distribution start-up cost.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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